Stocks witnessed yet another positive session on Monday, extending the winning spell for the five straight sessions as optimistic investors continued their buying binge on lucrative shares.
Analysts said the market maintained the gaining streak as investors find no negative proposals for the capital market in the proposed budget for the fiscal year 2017-18.
The market started with a positive note in the morning and the upturn continued till end of the session with no sign of reversal, finally ended more than 38 points higher over the previous day.
After four hours trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE) went up by 38.53 points or 0.71 per cent to settle at 5,482.52 points.
The two other indices also closed higher. The DS30 index, comprising blue chips advanced 16.33 points or 0.80 per cent to finish at 2045. The DSE Shariah Index (DSES) rose 8.25 points or 0.65 per cent to close at 1,271.
Turnover, the most important indicator of the market, also rose to Tk 5.96 billion, which was nearly 30 per cent higher than the previous day’s Tk 4.60 billion.
Gainers took a strong lead over the losers, as prices of 207 securities advanced, 71 declined, and 47 remained unchanged out of the 325 issues that were traded on the DSE floor.
MJL Bangladesh topped the DSE turnover chart with about 2.94 million shares worth Tk 363 million changing hands, closely followed by LankaBangla Finance, Brac Bank, IFAD Autos and Beximco Pharmaceuticals.
Appollo Ispat Complex was the day’s highest gainer, posting 6.42 per cent gain, while Savar Refractories was the worst loser, losing 4.14 per cent.
The port city bourse, the Chittagong Stock Exchange (CSE), also closed higher with its Selective Categories Index - CSCX - advancing 77 points to settle at 10,292.
Gainers beat losers as 145 issues closed higher, 53 closed lower and 27 remained unchanged on the CSE.
The port city bourse traded 11.77 million shares and mutual fund units’ worth Tk 414 million in turnover.
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